New Activity
Ico create Educaplay New Activity
All the activities
Play Quiz
1. 
Which of the following is an example of capital?
A.
Stocks
B.
Bonds
C.
Office buildings
D.
Money
2. 
Which of the following is an example of a factor of production?
A.
Money
B.
Capital
C.
Stocks
D.
Taxes
3. 
Which of the following describes scarcity?
A.
Wants are limited.
B.
Resources are unlimited.
C.
Wants exceed resources.
D.
Resources are fully employed.
4. 
Which of the following best describes the fundamental economic problem?
A.
The government keeps printing money, so prices keep rising.
B.
Society has unlimited wants but a limited amount of money, so many individuals live in poverty.
C.
Society has many workers but not enough job openings, so the unemployment rate is high.
D.
Society has unlimited wants but limited resources, so individuals have to make decisions.
5. 
All societies face a trade-off for every decision for which of the following reasons?
A.
A decision entails zero opportunity cost.
B.
Some resources are always unemployed.
C.
Resources are scarce.
D.
Resources have no alternative uses.
6. 
Which of the following is an example of land?
A.
Homes
B.
Petroleum
C.
Factories
D.
Office buildings
7. 
Which of the following is an example of labor?
A.
Lumber
B.
Horses
C.
Computers
D.
Carpenters
8. 
Which of the following is an example of entrepreneurship?
A.
Thomas Edison
B.
Office buildings
C.
Petroleum
D.
Hamburgers
9. 
Economics is the study of
A.
Money
B.
Unemployment
C.
Scarcity and choice
D.
Technological progress
10. 
Which of the following correctly matches a resource with a factor payment?
A.
Bonds - Interest
B.
Stocks - Profit
C.
Capital - Rent
D.
Labor - Wages